Investcorp H1 profit surges 53pc

Manama, February 2, 2014

Bahrain-based alternative investment manager Investcorp said on Sunday that profit for the first half of its fiscal year rose 53 percent, mainly because of strong performances at its core businesses.

Investcorp, which previously took public luxury brands Gucci and Tiffany & Co, made a net profit of $60.1 million in the six months to December, compared with $39.2 million a year earlier, the company said in a statement. - Reuters